Endava (NYSE:DAVA) Updates Q1 2021 Pre-Market Earnings Guidance

Endava (NYSE:DAVA) issued an update on its first quarter 2021
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.28-0.29 for the period. The company issued revenue guidance of $123.69-125.02 million, compared to the consensus revenue estimate of $116.12 million.

NYSE:DAVA opened at $55.18 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.93 billion, a P/E ratio of 106.12, a P/E/G ratio of 3.10 and a beta of 1.16. Endava has a fifty-two week low of $27.21 and a fifty-two week high of $56.76. The firm’s 50 day moving average is $53.39 and its two-hundred day moving average is $47.14.

DAVA has been the topic of a number of recent analyst reports. William Blair reaffirmed an outperform rating on shares of Endava in a research note on Monday, August 17th. Morgan Stanley started coverage on shares of Endava in a research note on Monday, June 15th. They set an equal weight rating and a $54.00 price target on the stock. Zacks Investment Research raised shares of Endava from a sell rating to a hold rating in a research note on Tuesday, July 21st. Needham & Company LLC raised their target price on shares of Endava from $40.00 to $58.00 and gave the company a buy rating in a research note on Thursday, May 21st. Finally, Wedbush started coverage on shares of Endava in a research note on Tuesday, May 26th. They issued an outperform rating and a $60.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $53.63.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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